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LME, US Producer Copper Prices Improve

by MetalMiner IndX Reports on May 14, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Non-ferrous Metals

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Rising 1.3 percent to close at $8,195 per metric ton, the cash price of LME primary copper experienced the biggest change on global copper markets for May 11, 2012. Also on the LME, the primary copper 3-month price inched up one percent to $8,052 per metric ton. The price of US copper producer grade 122 [...]

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Steel Billet Cash Price Sees Small Decline

by MetalMiner IndX Reports on May 14, 2012

Style:    Category: Ferrous Metals, Metal Prices, MetalMiner IndX

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The cash price of steel billet saw a 1.3 percent drop on the LME on May 11, 2012, landing at $453 per metric ton and making it the biggest mover of the day in our daily steel price index. Also on the LME, the 3-month price of steel billet declined 1.1 percent to $470 per [...]

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Zinc in Oversupply For Now, But What’s to Come?

by Stuart Burns on May 14, 2012

Style:    Category: Inventory Stock Levels, Non-ferrous Metals, Supply & Demand

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Zinc buyers (and/or metal-with-a-significant-zinc-content buyers) may be forgiven for feeling pretty sanguine about the supply market for the zinc content of their components. Rising LME inventory levels and prices of zinc that have moderated from the highs of last July suggest a market that is comfortably in oversupply, and indeed the International Lead and Zinc [...]

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Daily Copper Roundup: US Producer Grade 110 Price Drifts 1.3%

by MetalMiner IndX Reports on May 10, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Non-ferrous Metals

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US copper producer grade 110 prices saw the biggest shift of the day on copper markets, dropping 1.3 percent on May 9, 2012. The price of US copper producer grade 122 weakened by 1.3 percent, and the price of US copper producer grade 102 also declined 1.3 percent. The Japanese primary copper cash price remained [...]

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When Will India’s Steel Production Overtake China’s?

by TC Malhotra on May 9, 2012

Style:    Category: Commodities, Ferrous Metals, Supply & Demand

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According to Indian Steel Minister, Beni Prasad Verma, during the first nine months of FY 2012, Indian imports of finished steel stood at 5.6 million metric tons against 3.5 million metric tons over the corresponding period last year. Overall in 2010-11, steel exports stood at 3.5 million tons compared to 6.8 million tons of imports. [...]

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Nickel: Weak and Looking Weaker

by Stuart Burns on May 8, 2012

Style:    Category: Commodities, Non-ferrous Metals, Supply & Demand

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The nickel market, as Reuters points out in a recent article, has been characterized by two supply-side factors, even as demand has risen. On the one hand, Chinese nickel pig iron (NPI) production has kept the country well supplied in refined nickel, in spite of a falling nickel price supposedly putting cost pressures on the [...]

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Aluminum MMI®: European 1050 Aluminum Down 3.6%

by MetalMiner IndX Reports on May 4, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Non-ferrous Metals

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This past week, European 1050 aluminum dropped 3.6 percent on the Aluminum MMI®, making it the biggest mover. European 5083 plate fell 1.1 percent over the past week. Korean 3003 coil premium over 1050 sheet prices held steady from the previous week. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet [...]

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Daily Steel Price Update: LME Billet Sees Small Jump

by MetalMiner IndX Reports on May 4, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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Rising one percent on the LME to close at $500 per metric ton, the 3-month price of steel billet experienced the biggest change in steel markets for May 3, 2012. The steel billet cash price saw a 0.2 percent decline on the LME to $486 per metric ton. Chinese steel prices were mixed for the [...]

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